Efficient Markets maximize Total Surplus

See how Total Surplus = Consumer Surplus + Producer Surplus is maximized at the intersection of the Supply and Demand Curves. Maximizing Total Surplus leads to "efficient markets".
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ramo —

 
Resource Type
Activity
Tags
consumer  curve  demand  economics  equilibrium  microeconomics  producer  supply  surplus  total 
Target Group (Age)
15 – 18
Language
English (United Kingdom)
 
 

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